Journal Article
The short-run dynamics of long-run inflation policy
Samolyk, Katherine A.; Gavin, William T.; Carlson, John B. (1990-07)
An examination of the short- and long-term implications of an inflation policy on real output, using a method that allows structural interpretation of a simple VAR applied to a macroeconomic system that includes real output and inflation.
Economic Review , Volume 26 , Issue Q III , Pages 26-35

Journal Article
A regional perspective on the credit view
Samolyk, Katherine A. (1991-04)
An explanation of how regional credit-market performance can affect local economic activity, showing how imbalances in financial capacity across regions cause capital-poor regions to be underfunded. This reduced financial capacity is related to economic activity in states that are experiencing low growth.
Economic Review , Volume 27 , Issue Q II , Pages 27-38

Working Paper
Portfolio risks and bank asset choice
Samolyk, Katherine A. (1989)
An investigation of the effects of credit risk and interest-rate risk on bank portfolio choices, showing how bank capital inadequacy may prevent a bank from investing in the optimal portfolio and how the efficiency of the bank's intermediation technology affects its choice of second-best portfolio.
Working Papers (Old Series) , Paper 8913

Conference Paper
Payday lending: do the costs justify the price?
Samolyk, Katherine A.; Flannery, Mark J. (2005)
Proceedings , Paper 949

Report
Piggy banks: financial intermediaries as a commitment to save
Samolyk, Katherine A.; Morgan, Donald P. (1998)
Savers with uncertain life spans cannot stick to long-term investment plans when they invest directly in liquid assets. Before horizons are known, all savers will plan to roll over their short-term assets if returns turn out high. Ex post, the short-term investors will consume their liquid assets rather than reinvest them. Delegating investment decisions to an intermediary reduces the commitment problem, and leads to more efficient portfolios. The higher return to savings should also increase savings rates.
Staff Reports , Paper 50

Journal Article
In search of the elusive credit view: testing for a credit channel in modern Great Britain
Samolyk, Katherine A. (1990-04)
An examination of the credit performance of the financial sector in the modern British economy, showing that problems in credit markets associated with debt and default/liquidation can disrupt the production of real financial services necessary to channel funds to efficient investment opportunities.
Economic Review , Volume 26 , Issue Q II , Pages 16-28

Journal Article
Financial fragility and regional economic growth
Humes, Rebecca Wetmore; Samolyk, Katherine A. (1991-09)
An examination of the potential link between local financial problems and regional economic growth, discussing how the health of the financial sector can affect economic performance when credit markets are segmented along regional lines.
Economic Commentary , Issue Sep

Journal Article
Banking and the flow of funds: are banks losing market share?
Samolyk, Katherine A. (1994-09)
A look at both the reported decline in the share of nonfinancial-sector credit intermediated by banks and the consolidation of the industry into fewer, but larger, institutions, revealing that banks today account for nearly the same share of outstanding household and nonfinancial business-sector debt as they did 30 years ago.
Economic Commentary , Issue Sep

Journal Article
Securitization: more than just a regulatory artifact
Carlstrom, Charles T.; Samolyk, Katherine A. (1992-05)
An exploration of the recent boom in asset-backed lending, or securitization, by both financial institutions and nonbank firms, which the authors contend is more the result of improvements in information technology than a response to the regulatory costs of traditional bank funding.
Economic Commentary , Issue May

Journal Article
The M2 slowdown and depository intermediation: implications for monetary policy
Samolyk, Katherine A.; Carlson, John B. (1992-09)
An examination of credit flow rechanneling away from depository institutions over the past decade in response to evolving financial markets and regulatory structure, and a discussion of how this trend has complicated monetary policymaking.
Economic Commentary , Issue Sep